FDA Withholds CBD Safety Endorsement – November 27, 2019

FDA won’t endorse CBD as ‘generally recognized as safe’

In a potential blow to the hottest-selling hemp product, the FDA said it “cannot conclude that CBD (cannabidiol) is generally recognized as safe among qualified experts for its use in human or animal food” because of a lack of scientific evidence.

Two states top $1 billion in Trump tariff payments this year

Producers in Iowa and Illinois reaped 20 percent of the trade war payments from the Trump administration, as cash disbursements leaped to nearly $10.2 billion nationwide for this year’s crops and livestock.

TODAY’S QUICK HITS

An underground Thanksgiving feast (Washington Post): New York commuters hold a Thanksgiving feast on the subway, complete with white tablecloths, a turkey with all the fixings and plenty of sides.

Neonics killed life in a lake (National Geographic): A long-term study published in Science showed that neonicotinoids, the world’s most widely used class of toxic insecticides, wiped out plankton and fish in a Japanese lake, suggesting the chemicals can harm aquatic ecosystems.

Plenty of holiday hams (Washington Post): Retail prices might rise slightly but there will be no shortage of ham for the holiday season, experts say, notwithstanding the potential to export pork to China, where disease has decimated its hog herd.

Corn harvest needs more time (USDA): Farmers harvested 6.5 million acres of corn last week, leaving 13 million acres, or 16 percent of U.S. corn acreage, to go in a late-running harvest. Only 3 percent of the soybean crop is still in the field.

Soy to rebound more than corn (farmdoc Daily): Market prices make soybeans a more profitable choice than corn as farmers plan next year’s plantings but acreage for both crops will rebound notably from weather losses this year.